All Finance articles – Page 302
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News
C-store delivery app Snappy Shopper sales soar over 500% in lockdown
The latest figures show the number of customers ordering goods via the app has increased by 360%
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Former Sainsbury’s buyer James Bailey made Waitrose executive director
Recruitment is also underway for the same role for John Lewis to replace Paula Nickolds
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Media Bites 29 Apr: Waitrose/John Lewis, M&S, Grocery market share
Dame Sharon White, head of the John Lewis Partnership, is poised to announce that ex Sainsbury’s exec James Bailey will be Waitrose’s next leader.
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News
Belgian food tech startup Deliverect raises €16.3m to expand internationally
The company will use the investment to support R&D and product development, solidify its position in Europe and expand internationally
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City snapshot: Fever-Tree co-founder to step down
Charles Rolls has announced he will step down from the company’s board at the next annual general meeting on 4 June
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Tesco’s coronavirus sales growth outstrips discounters as convenience sales soar
The UK’s largest supermarket Tesco grew sales at a faster rate than the German discounters in April, while convenience sales continue to boom
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Coronavirus: SMEs welcome ‘lifeline’ of government-backed ‘bounce back’ loans
The new micro loan scheme comes as previous emergency measures for SMEs received harsh criticism for letting many “slip through the cracks”
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News
Tesco fulfils one million grocery deliveries in one week
The supermarket giant said it aimed to reach a capacity of 1.2 million weekly delivery slots
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News
Post Office rolls out cash delivery service for vulnerable customers
The National Shielding Service is a working partnership with the Department for Work & Pensions to determine if customers need a cash delivery
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News
Grocery sales growth slows in April
The past 12 weeks have continued to see strong grocery sales growth of 9.1%, according to Kantar, but sales growth slowed down in the past four weeks.
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Media Bites 28 April: Tesco, Treasury/loans, Imperial Brands
Tesco starts laying off temporary staff, Sunak unveils new loans for small businesses and Imperial brands sells cigar unit
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News
CMA to investigate Danone’s acquisition of Harrogate stake
The UK Competition & Markets Authority has launched an investigation into the proposed acquisition of a majority stake in UK bottled water brand Harrogate by French dairy giant Danone.
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Comment & Opinion
As consumers retreat to old favourites, will coronavirus be the death of challenger brands?
Startups desperately need support – from consumers and supermarkets – to survive
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News
Retailers warn over ‘disastrous’ business rates revaluation plans
The next revaluation of business rates will take place on 1 April next year
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Christine Tacon extends GCA contract to provide continuity through coronavirus outbreak
Small business minister Paul Scully confirmed today that Tacon had been re-appointed for an emergency third term
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City snapshot: John Lewis mulls bringing in external investor
The John Lewis Partnership is considering bringing in an external investor to help finance and launch a new joint venture
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Media Bites 27 April: Sainsbury’s, John Lewis Partnership, Poundstretcher
Sainsbury’s risks a backlash as its board weighs whether to approve a £247m, John Lewis mulls bringing in an outside investor to help to finance and launch a joint venture and Poundstretcher kicks off a review of its finances.
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Landlords urge government to tackle retailers ‘exploiting’ rent holidays
The government yesterday banned landlords from issuing statutory demands or winding-up orders against retailers unable to …
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News
Shipping industry bailout lacks key details, claim trade bodies
Ferry operators received a multimillion-pound support package on Friday
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Unilever sees 2020 sales growth clobbered by coronavirus
The consumer giant’s sales growth for the first three months of the year fell back to zero